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Manager - Cost Accounting - Manufacturing / Production Firm - CA / ICWA

Manager - Cost Accounting - Manufacturing / Production Firm - CA / ICWA

Leading Digital companySilvassa,Daman And Diu, India
14 days ago
Job description

Key Management & Analysis :

  • Oversee the cost accounting function to ensure accurate calculation of product costs, manufacturing overheads, and cost of goods sold (COGS).
  • Perform detailed cost variance analysis, identify cost reduction opportunities, and provide recommendations to management for process improvements.
  • Develop and maintain standard costing systems, ensuring accuracy in cost allocation for materials, labor, and overheads.

Budgeting & Forecasting :

  • Prepare comprehensive cost budgets, ensuring they align with the companys financial goals and strategic objectives.
  • Regularly update and forecast costs based on business dynamics, collaborating with key departments for timely inputs.
  • Monitor expenditure against budgeted figures and take corrective action where necessary.
  • Cost Reporting :

  • Provide regular and detailed costing reports, including standard Vs Actual variance analysis and insights on cost trends.
  • Present findings to senior management, highlighting key cost drivers and offering actionable recommendations for improvement.
  • Inventory Management :

  • Ensure accurate inventory valuation for raw materials, work-in-progress (WIP), and finished goods using appropriate costing methods.
  • Implement robust processes to minimize inventory obsolescence, improve inventory turnover, and ensure accurate inventory records.
  • Perform inventory revaluation.
  • Internal Controls & Compliance :

  • Ensure adherence to accounting standards, financial regulations, and internal controls related to costing, inventory, and financial reporting.
  • Assist with internal and external audits by providing accurate and comprehensive costing and inventory data.
  • Process Improvement :

  • Continuously assess costing methods and accounting processes to identify and implement improvements for enhanced efficiency and accuracy.
  • Develop and integrate new systems or tools for better cost tracking, data analysis, and reporting.
  • Cross-Functional Collaboration :

  • Collaborate with production, procurement, and supply chain teams to gather relevant data for cost tracking and forecasting.
  • Provide cost insights for pricing decisions, product profitability analysis, and overall business strategie.
  • Qualifications & Institute of Cost and Works Accountants (ICWA) certification is required.

  • Minimum 8-10 years of experience in cost accounting, costing management, or financial analysis in a manufacturing or production environment.
  • Proven expertise in managing costing systems, preparing budgets, performing variance analysis, and generating detailed cost reports.
  • Experience in using ERP systems such as SAP, Oracle, or similar financial management software is highly Strong knowledge of SAP environment.
  • cost accounting principles, financial regulations, and reporting.
  • Advanced proficiency in Microsoft Excel, including macros.
  • Strong analytical and problem-solving abilities.
  • Ability to communicate complex financial data clearly to non-financial stakeholders.
  • Excellent organizational, time-management, and multi-tasking skills.
  • Personal Attributes :

  • High attention to detail and accuracy.
  • Strong communication, interpersonal, and leadership skills.
  • Ability to work independently and as part of a collaborative team in a fast-paced environment.
  • Proactive and results-driven with a commitment to continuous improvement.
  • (ref : iimjobs.com)

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    Manager Manager • Silvassa,Daman And Diu, India

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